{"url":"https://nivawealth.com/firms/acumen-financial-advisors-152748","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/152748","regulatoryAum":465210861,"crd":"152748","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2358695","suffix":null,"lastName":"STEGER","firstName":"TODD","middleName":"WILLIAM"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":389921383,"clients":246,"employees":6,"offices":1},{"filedOn":"2022-03-29","regulatoryAum":452702167,"clients":259,"employees":6,"offices":1},{"filedOn":"2023-04-30","regulatoryAum":306075007,"clients":197,"employees":4,"offices":1},{"filedOn":"2024-03-22","regulatoryAum":390064960,"clients":211,"employees":4,"offices":1},{"filedOn":"2025-03-27","regulatoryAum":403683142,"clients":226,"employees":5,"offices":1},{"filedOn":"2026-03-30","regulatoryAum":465210861,"clients":220,"employees":5,"offices":1}],"secFileNumber":"801-71042","legalName":"Acumen Financial Advisors, LLC","displayName":"Acumen Financial Advisors","slug":"acumen-financial-advisors-152748","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"1995","organization":"Minnesota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3601 West 76th Street, Suite 475","city":"Edina","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55435"},"tradeNames":[],"registration":{"secApproved":"25 January 2010","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":2114594.8227272728,"staff":{"employees":5,"advisory":1,"brokerDealerReps":1,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":465210861,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":465210861,"nonDiscretionaryAccounts":624,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":86,"regulatoryAum":32657058},{"label":"High-net-worth individuals","clients":134,"regulatoryAum":432553803}],"feePrograms":[{"role":"main","program":"VISION2020 Advisor Managed Portfolios","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032258","versionId":1032258,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-30","documentName":"ACUMEN FINANCIAL ADV PART 2A","fee_rate_low":null,"fee_rate_high":2.5,"fee_negotiable":true,"minimum_account":50000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Comprehensive Financial Planning","summary":"Financial planning is billed hourly or as a fixed fee; annual fees for a financial plan range from $500 to $10,000, depending on the client's needs and plan complexity.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032258","versionId":1032258,"submittedOn":"2026-03-30","documentName":"ACUMEN FINANCIAL ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T09:30:06.59667+00:00","documents":[{"name":"ACUMEN FINANCIAL ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032258","versionId":1032258,"submittedOn":"2026-03-30"}]},"custodians":[],"custodyNote":"Acumen Financial Advisors has custody of $70.8M for 196 clients.","otherCustodians":[],"leadership":[{"name":"Deborah Futterer","title":"Chief Compliance Officer","crd":"6389725"},{"name":"Todd Steger","title":"Direct Owner","crd":"2358695"}],"ownership":[{"label":"Todd Steger","detail":"Direct owner in the 75% or more ownership band and a control person, since November 2009."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"3601 West 76th Street, Suite 475","city":"Edina","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"952-521-1625","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":95},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/152748/PDF/152748.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032258","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Acumen Financial Advisors have?","answer":"Acumen Financial Advisors has 220 clients and manages $465 million for them, as of March 2026. They include 134 high-net-worth individuals and 86 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Acumen Financial Advisors offer?","answer":"Acumen Financial Advisors provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, and tax planning.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Acumen Financial Advisors charge?","answer":"Acumen Financial Advisors charges up to 2.50% a year for its VISION2020 Advisor Managed Portfolios. The fee is billed in advance, is negotiable and requires an account of at least $50,000.","source":"ACUMEN FINANCIAL ADV PART 2A, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"How many financial advisors does Acumen Financial Advisors have?","answer":"Acumen Financial Advisors has 1 investment adviser representative registered with state securities authorities, out of 5 employees, and 1 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 1 employee is a licensed insurance agent.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Acumen Financial Advisors invest in?","answer":"At the end of its last fiscal year, Acumen Financial Advisors’ separately managed accounts held 95% exchange-traded equities and 5% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Acumen Financial Advisors have a minimum investment?","answer":"Yes, Acumen Financial Advisors’ minimum account size for its VISION2020 Advisor Managed Portfolios is $50K.","source":"ACUMEN FINANCIAL ADV PART 2A, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Acumen Financial Advisors?","answer":"Acumen Financial Advisors’ direct owner is Todd Steger (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Acumen Financial Advisors get paid?","answer":"Acumen Financial Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Acumen Financial Advisors?","answer":"Acumen Financial Advisors’ main office is at 3601 West 76th Street, Suite 475, Edina, MN 55435. Its phone number is 952-521-1625.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}